Top Online Brokers 2022

Broker
Rating
Regulated
Bonus
Min. Deposit
Populary
1.
FP Markets

ASIC

up to 30%

$100

HIGH

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2.
Alpari

ASIC/VFSC

NO bonuses offer

NO MIN.

HIGH

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3.
OctaFX

FCA/FSA

up to 30%

$100

HIGH

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4.
Forex.com

Offshore

NO bonuses offer

$100

AVERAGE

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5.
Xtb

FCA/FSA

NO bonuses offer

$ 100

HIGH

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6.
EightCap

ASIC

up to 100%

$100

70% - 90%

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7.
Olympic Trade

EU, AU, USA

up to 100%

$10

70% - 90%

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8.
IQ Option

EU, AU, USA

up to 100%

$10

70% - 90%

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Online Brokers





Review and Find Brokers That Do Not Suck.

Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD

Price changes are displayed in pips, so making or losing money depends on pips. For example if you own 100,000 currency pairs and the pip has changed 5 points from 1.3000 to 1.3005 you will earn 50$ (0.0005*100,000). Our advice to the starters is to begin dealing with small pairs.

Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD

Price changes are displayed in pips, so making or losing money depends on pips. For example if you own 100,000 currency pairs and the pip has changed 5 points from 1.3000 to 1.3005 you will earn 50$ (0.0005*100,000). Our advice to the starters is to begin dealing with small pairs.

What makes a good online broker

Now you know the top five. You are probably curious about how we came up with this list. Let’s go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks’ prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers’ online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

Are these brokers safe?

Yes, they are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

 

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FOREX WHOIS.COM

ABOUT FOREX

The change in the value of the currencies of the forex market countries is an over-the-counter investment exchange. In the forex market, which has come to the understanding of investment trading, a trading platform called Meta Trader 4 is generally used.

The products traded on the Forex market are not limited to currencies. All markets where the investment institution can get a price can be added to the trading platform. Trading on the Forex market is carried out 24 hours a day, 5 days a week.

HOW TO READ GRAPHS

In the Forex Market, individual or institutional investors who want to do risk management can trade In the Forex Market, which is called the 'market where the sun does not set', you can make your foreign exchange parity, precious metals and commodities investments online 24/5 days a day. Positions can be taken in price movements that vary very quickly due to the high trading volume. With the leverage advantage, you can trade up to 10 times your investment. With the advantage of bidirectional trading, a position can be taken in price increases as well as in price decreases. You can do risk management with the possibility of hedging.

HOW TO WIN

With the leverage advantage, you can trade up to 10 times your investment. With the advantage of bidirectional trading, a position can be taken in price increases as well as in price decreases.